Secured Debt Securities Clause Samples
The 'Secured Debt Securities' clause defines financial instruments that are backed by specific assets as collateral to secure repayment. In practice, this means that if the issuer defaults on its obligations, holders of these securities have a legal claim to the designated collateral, such as property, equipment, or receivables, to recover their investment. This clause primarily functions to reduce the risk for investors by providing a tangible source of repayment, thereby making the securities more attractive and potentially lowering borrowing costs for the issuer.
Secured Debt Securities. If so provided in the applicable Supplemental Agreement, the indebtedness represented by certain Debt Securities shall be secured obligations of ▇▇▇▇▇▇▇ Mac. In such event, the description of the security interest and the terms of the grant of the security interest shall be set forth in the applicable Supplemental Agreement.
Secured Debt Securities. If so provided in the applicable Supplemental Agreement, the indebtedness represented by certain Debt Securities shall be secured obligations of ▇▇▇▇▇▇▇ ▇▇▇. In such event, the description of the security interest and the terms of the grant of the security interest shall be set forth in the applicable Supplemental Agreement.
Secured Debt Securities. The debt securities of any series may be secured by collateral. The applicable prospectus supplement will describe any such collateral and the terms of such secured debt securities.